September 2024
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Health Savings Accounts
If you are enrolled in only one health insurance plan and it has a high deductible, you are probably eligible to open a Health Savings Account (HSA). An HSA is a type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. The deductible is the dollar amount you have to pay before your insurance starts picking up certain costs. By using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other qualified medical expenses, you may be able to lower your out-of-pocket health care costs. HSA funds generally may not be used to pay premiums
Article | Publication Date Sort ascending |
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Saving for Retirement | January 2022 |
Overdraft and Account Fees | December 2021 |
Credit Cards | November 2021 |
Avoiding Scams and Scammers | October 2021 |
What to Do When Facing a Natural Disaster | September 2021 |
Credit Reports and Credit Scores | August 2021 |
Financial Success While in the Military | July 2021 |
Money Management for Youth | June 2021 |
Take a New Look at Your Money Habits | May 2021 |
It’s Time to #GetBanked | April 2021 |